HALLADOR ENERGY CO — Director's Dealing 2013

Dec 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HALLADOR ENERGY CO (HNRG)
CIK: 0000788965
Period of Report: 2013-12-10

Reporting Person: HARDIE STEVEN (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-13	Common Stock	S	15746	$7.5819	Disposed	705588	Indirect
2013-12-16	Common Stock	S	8574	$7.6596	Disposed	697014	Indirect
2013-12-17	Common Stock	S	6345	$7.6164	Disposed	690669	Indirect
2013-12-13	Common Stock	S	8624	$7.5819	Disposed	212294	Indirect
2013-12-16	Common Stock	S	4696	$7.6596	Disposed	207598	Indirect
2013-12-17	Common Stock	S	3475	$7.6164	Disposed	204123	Indirect
2013-12-13	Common Stock	S	3450	$7.5819	Disposed	3094410	Indirect
2013-12-16	Common Stock	S	1879	$7.6596	Disposed	3092531	Indirect
2013-12-17	Common Stock	S	1391	$7.6164	Disposed	3091140	Indirect

Footnotes

F1: The Reporting Person is a 25% beneficiary of the Robert Hardie QTIP Trust, the holder of the securities and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

F2: Hallador Special Holdings, LLC is a wholly owned subsidiary of Hallador, Inc.

F3: Hallador Alternative Assets Fund LLC, a limited liability company organized under the laws of the State of Delaware ("HAAF"). HAAF is a private equity investment fund directed or controlled by its managing members, Hallador Management LLC, David C. Hardie and Steven Hardie.

F4: Sold pursuant to Rule 10b5-1.